Documents Check List for Property Purchase

Bangalore : Buying a property is not just purchasing a dream home, but also your expensive investment for life.  But it doesn’t take much for into turn in to a nightmarish. At the time of purchasing a property, one of the major problems faced by many of the buyers is to collate information on the list of documents required for property purchase. Property documents are a crucial part of any property investment, whether it is an empty plot or a fully furnished home.

Here is a list of prerequisites which ought to be checked before buying a property.

1. Sale Deed/ Title Deed in present sellers name
2. Mother Deed
3. Katha Certificate and Extracts
4. Commencement certificate for under construction property
5. Latest Tax paid receipts like property Tax and Municipal Tax
6. Building approval plan authorized by statutory authority
7. Latest statement from Bank (if any loan outstanding on the property)
8. Encumbrance Certificate from date of purchase
9. Sale agreement between seller and developer
10.  Latest electricity bills
11. NOC from Apartment Association or society
12. No-due  certificate from building association
13. Possession certificate from builder
14. All title documents of seller
15. Auction sale confirmation letter from Local development authority
16. Joint agreement between builder and land owner
17. Power of Attorney (POA) if any
18. Originals are required for inspection is loan is taken
19. Social registration certificate and Society share certificate
20. Completion certificate is required for constructed property
21. Occupancy certificate is required for constructed property
22. Registered previous agreements ( in case of resale property)
23. Conversion order/ paid receipts issued by authority
24.  RTC Extracts (Records of Rights and Tenancy Corps)
25. Deed of declaration

After you get the property documents confirm that the seller is the genuine property owner and the documents provided are genuine.

If you are buying a property on a lease, you need to attain a no objection certificate from concerned authorities. To get such certificates you have to pay prescribed fees, which will further increase the contemplation for the property.

To be on safe side, look at construction plan and ensure all the provided documents are clear.